Income Statement Basics The income statement tells those outside the company just how things are actually going. It shows an accurate portrayal of what went on at the company for a whole year. However, in order to really see how the particular year went, it is important to look at prior years. Income statements can show over time how certain kinds of decisions affect
Al Gore sells Current TV to Al-Jazeera, nets reported $100 million. It's Emir-acle! Former Vice President Al Gore has made himself a much, much richer man by selling his little watched cable channel Current TV to the Emir of Qatar-funded Arab news channel Al-Jazeera. Gore netted $100 million with his 20 percent stake in the network when it was sold for a reported $500 million on Wednesday. Al-Jazeera plans to euthanize the struggling, seven-year-old Current TV and turn it into Al-Jazeera America by adding five to 10 new U.S. bureaus beyond the five it has now. More than half of its content will be U.S. news, and the network will have its headquarters in New York, according to a rep. But while Al-Jazeera will now be available in millions more American homes, it will not be seen on the nation's second-largest TV operator, Time Warner Cable, as they dropped Current TV immediately after the sale became final.
Current TV was an American television channel from August 1, 2005 to August 20, 2013. Al Gore, Joel Hyatt, and Ronald Burkle each held a sizable stake in Current. Comcast and DirecTV each held a smaller stake.